Direct Loan Canada Blog

Microsoft Corp. has settled a lawsuit from a group of gamers who sued to try to stop the company from buying video game publisher Activision Blizzard for US$69 billion last year. Terms of the settlement were not disclosed.
Source: ctv business
Microsoft settles video gamers’ lawsuit over Activision takeover

The more than US$3-billion settlement TD Bank Group has reached with U.S. regulators for its failures to oversee money laundering risks has underlined what some say are relatively weak enforcement options in Canada.
Source: ctv business
Massive U.S. fine against TD Bank highlights relatively modest penalties in Canada

Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash.
Source: ctv business
Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars

The Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the Bank of Canada’s interest rate cuts haven’t spurred the gradual improvement it previously anticipated.
Source: ctv business
CREA lowers housing market forecast for 2024 amid ‘holding pattern’ for home sales

Ontario Premier Doug Ford is revealing that he’s eagerly awaiting Taylor Swift’s upcoming stint in Toronto as part of her hyper-successful Eras Tour.
Source: ctv business
Ontario Premier Ford ‘can’t wait’ for Taylor Swift’s Toronto concerts

The chances of a half-percentage point interest rate cut by the Bank of Canada became more likely Tuesday after Statistics Canada reported the annual inflation rate fell to 1.6 per cent in September.
Source: ctv business
Canada’s inflation rate falls to 1.6% in September, raises odds of 50-basis-point rate cut

The tech consultant charged in Cash App founder Bob Lee’s stabbing death had no motive to kill him and in fact was forced to defend himself against Lee, who had become aggressive while on a multiday drug bender, lawyers for Nima Momeni said in opening statements Monday.
Source: ctv business
Tech consultant goes on trial in death of Cash App founder Bob Lee

A major American retailer has stopped selling its new winter-themed candle over backlash from shoppers who said its design resembled Ku Klux Klan hoods.
Source: ctv business
‘We apologize to anyone we’ve offended’: Bath and Body Works pulls candles over backlash

Controversy bubbled for a Canadian drink company after its founders drew the ire of a Marvel superhero on an episode of a ‘Shark Tank’-style reality series.
Source: ctv business
Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions

The Nobel memorial prize in economics was awarded Monday to three economists who have studied why some countries are rich and others poor and have documented that freer, open societies are more likely to prosper.
Source: ctv business
Nobel economics prize goes to 3 economists who found that freer societies are more likely to prosper